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Elliott Wave Analysis: AUD/USD Trading At The Lows

Elliott Wave Analysis: AUD/USD Trading At The Lows

USD is mixed across the board and it is weakening against the EUR, but showing strong personality against the commodity currencies especially against the AUD. On the hourly chart we see pair trading at the lows, but probably in sub-wave v of an extended red wave iii) so traders must be aware of a corrective bounce, possibly back to 0.7610 resistance.

AUD/USD, 1H

AUD/USD 1 Hour Chart

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